Hong Kong Special Administrative Region “Patent Box” Overview of Tax Preferential Measures
The draft legislation on preferential tax measures for the “Patent Box” of the Hong Kong...
Reflections on the Fujian High Court on the case of Hong Kong companies transferring equity of mainland companies to enjoy agreed treatment
This case is currently one of the few public judicial judgments in China on the...
Rethinking international penalty administration
Maintaining integrity in tax administration often requires the use of penalties to encourage voluntary compliance....
Defining software development costs
The law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, eliminated the...
Aggregation rules affecting foreign-owned companies
Multinational businesses headquartered overseas customarily conduct operations in the United States via local subsidiaries. These...
Filing Your Startup’s Tax Return for the First Time
Filing a return for a startup for the first time can be overwhelming considering everything...
State Sales Tax Compliance for Startups
Startups face a number of challenges from hiring qualified employees, to research and development, to...
Do Startups Need Audited Financial Statements?
By law private companies are not required to undergo an annual audit of financial statements...
Redetermining foreign taxes in a post-TCJA world
The foreign tax redetermination (FTR) rules under Sec. 905(c) apply to taxpayers who accrue foreign...
Managing tax audits using sampling techniques
Sampling is a tool that is generally used whenever there is a list of records,...
Taxation of employees’ use of corporate apartments
Taxable compensation from use of an employer-provided corporate apartment Absent an applicable exclusion, the fair...
Tax fraud and bankruptcy dischargeability
The federal laws governing bankruptcy and taxation often intersect, although their makeup, effectiveness, and interpretation...Archive
May 18, 2022
Introduction After years of intensive negotiations to update and fundamentally reform international tax rules, 137 jurisdictions within the G20/OECD Inclusive... Read more
May 13, 2022
Source: China Tax News Data from the National Bureau of Statistics shows that in the first quarter of 2022, my... Read more
May 11, 2022
In order to help foreign trade enterprises alleviate their difficulties, the State Administration of Taxation issued the "Announcement on Further... Read more
May 10, 2022
Source: American Tax Foundation Compilation: Smart Finance International Tax Service Team Recently, the Tax Foundation published a research report entitled... Read more
February 23, 2022
Entertainment 100% Nondeductible Certain narrow exceptions to the 50% limitation allow taxpayers 100% deduction for qualifying food and beverage expense.... Read more
February 18, 2022
In December 2018, IRS issued revised instructions to form 8858 which expanded the requirements to file this form to include... Read more
February 14, 2022
To prevent the abuse of non-U.S.-source income tax treatment, the US Code requires Subpart F income to be included in... Read more
February 7, 2022
LB&I released a memorandum (LB&I-04-1120-0020), which provides a six-year limitation period for the assessment of a net transition tax liability.... Read more
January 25, 2022
New Regs. Sec. 1.1031(a)-3 provides a unifying definition of the real property for Sec.1031, real property includes “land and improvements... Read more
August 12, 2021
WASHINGTON, Aug 11 (Reuters) - A group of 29 U.S. House Democrats want congressional leaders to include at least $160... Read more